Obama Budget Would Maintain Pell Grant Eligibility, Award … But Cut Two Programs
President Obama’s new budget proposes some $10 billion a year in Pell Grant cuts, but looks to achieve that goal without reducing the maximum grant or dropping any students from the program. They’re doing that by seeking Pell savings in two areas — summer grants and graduate loan interest.
Summer Pell Grants are a recent addition to the Pell program, under which students can apply for a second grant for summer school if their total courseload adds up to more than a full academic year’s worth. The summer
